SBF’s Inner Circle Delivered a Conviction. What’s Next for Them?
- Ellison, Wang and Singh were star prosecution trial witnesses
- They pleaded guilty but can expect leniency for cooperating
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The jury delivered the verdict against FTX co-founder Sam Bankman-Fried, but it was really his three former close friends who convicted him. How much the prosecution appreciates that help is now the question hanging over them.
Alameda Research Chief Executive Officer Caroline Ellison, FTX co-founder Gary Wang and FTX engineering chief Nishad Singh were the star witnesses at Bankman-Fried’s trial. All three said that Bankman-Fried directed them to commit fraud by helping to transfer billions of dollars in FTX customer funds to Alameda, an affiliated hedge fund 90%-owned by Bankman-Fried.